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Money Laundering Regulations 2017 – Disciplinary action by SRA

The SRA has been visiting a number of firms to review compliance with the new 2017 Regulations.

As a result of those visits, they have referred 6 firms into the SRA disciplinary process.

If you have not carried out the required documented practice-wide risk assessment of your AML Policies and Procedures and implemented the other requirements of the new Regulations then you should do so without further delay.

You can download a copy of the SRA’s full thematic review or a summary of it on the following link

http://www.sra.org.uk/sra/how-we-work/reports/preventing-money-laundering-financing-terrorism.page